Mumbai, Feb 12: Hongkong and Shanghai Banking Corporation Ltd has reduced interest rates for home loans in floating and fixed category. The floating rate for loans between four to five years has been reduced by 0.5 per cent to 8.25 per cent, HSBC said in a release today. On fixed basis, the rate has been slashed to 8.99 per cent (9.75 per cent) for eight to 20 years loans, it said. HSBC has already reduced its floating interest rate by 0.5 per cent with effect from February 1 for existing customers, the release added. Bureau Report